Economy
As many parts of the (so-called) developed world enter second lockdowns, and people line up for miles in their cars seeking food handouts in Texas, the less developed nations are busily discovering Cvoid-19 treatments that actually work. Really well.
They work in an outpatient setting, in mild, moderate and severe cases of Covids-19. They work prophylactically.
Green Economy Faces Challenge to Replace Carbon Energy Sources
The march toward a greener global economy is headed into a more difficult second phase that will aim to replace carbon as an energy source, said panelists during the Bloomberg New Economy Forum.
Companies including Honeywell International Inc. and Schneider Electric SE are offering solutions to reduce carbon emissions in commercial buildings, the petrochemical industry and transportation that are being adopted now, which constitutes the first phase.
IEA says Covid vaccine ‘unlikely to ride to the rescue’ of world oil market for some time
LONDON — The International Energy Agency (IEA) on Thursday cut its 2020 global oil demand forecast and said it does not expect the prospect of a coronavirus vaccine to significantly boost demand “until well into next year.”
In its latest closely-watched monthly report, the IEA said it now expects world oil demand to contract by 8.8 million barrels per day this year. That reflects a downward revision of 0.4 million barrels from last month’s assessment.
End of Year Means End of Federal Aid for Millions of Americans
A whole range of pandemic aid programs are set to expire in the new year, leaving millions of Americans without the government support that’s helped keep them afloat — and threatening to hold back a rebounding economy.
The biggest blow will likely come from the end of two federal unemployment-insurance programs, with roughly 12 million people facing a late-December cutoff, according to a study released Wednesday by The Century Foundation. Also, measures that froze student-loan payments, offered mortgage forbearance and halted evictions have a year-end deadline –- and so do Federal Reserve lending facilities for small businesses and local governments.
Wall Street’s $8 trillion man: Markets are ‘tired’ of Trump chaos
The post-election celebration on Wall Street isn’t just about relief over a divided government. It’s also being driven by hopes of calmer leadership after four years of chaos in Washington.
At least, that’s the conclusion from one of the most powerful figures on Wall Street: BlackRock CEO Larry Fink.
I do believe strongly that the market is in desire of more stability, of less volatility,” Fink said during a pre-taped conversation airing Wednesday evening at the Bloomberg New Economy Forum.
French Lockdown to Push Economy Back Into a Contraction
France‘s second lockdown will push the economy back into a slump and slow the recovery in 2021, even though restrictions to contain the coronavirus aren’t as severe as earlier in the year.
In a best-case scenario of restrictions ending Dec. 1 and a quick return to the levels of activity seen just before the second lockdown, output would still drop 2.5%, statistics agency Insee said Tuesday. If activity remains at November’s levels through December, the contraction could be as deep as 6%.
Boeing’s 737 Max gets approval to fly passengers again
The Federal Aviation Administration issued an order Wednesday that paved the way for the troubled Boeing 737 Max to carry passengers again, ending the jet’s 20-month grounding.
The plane, the best-selling jet in Boeing’s (BA) fleet, was grounded in March 2019 after two fatal crashes that killed 346 people. It was discovered that a safety feature meant to stop the plane from climbing too fast and stalling had improperly forced the nose of the plane down, causing the crashes.
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The post Daily Digest 11/18 – End of Year Means End of Federal Aid for Millions of Americans, Use This One Weird Trick! appeared first on Peak Prosperity.
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